Investor Services, PEY Securities Lending Desk

Job Description

What is the opportunity? This is a unique 12-16 month opportunity to join the Securities Lending Desk as both a trading team member and an innovation driver. The role entails directly supporting the Desk who is responsible for market execution with borrowers, maximizing profitability within existing products, and identifying revenue opportunities for our lending clients, while spearheading automation and modernization initiatives that directly impacts our business.

This role offers the rare combination of hands-on market experience and the autonomy to identify and solve operational challenges through technology and process improvement.

• BAU responsibilities (Trading):
  Execute securities lending transactions with approved borrowers within the boundaries of our legal agreements and approved credit limits and policies
• Monitor the daily recall process with borrowers and escalating any issues to the traders while working with the Service Delivery team in ensuring client sales are covered
• Update the daily Pricing file (data file from S&P Markit) before market open
• Prepare daily push lists for both fixed income and equities prior to market open
• Produce ad hoc reports for analysis and revenue opportunities
• Run re-rate tool and renegotiate pricing on existing loans
• Investigate and resolved any trade discrepancies and contract compare breaks
• Review specials lists and help mine our custody clients’ assets listing for revenue opportunities
• Project Work (Automation & Innovation):
  Assess current desk operations to identify inefficiencies, manual bottlenecks, and areas ripe for automation
• Explore and prototype applications of AI and machine learning to enhance desk efficiency, decision-making, and client service
• Evaluate and modernize legacy automation tools hosted on Excel macros, replacing them with robust, maintainable solutions
• Develop solutions to streamline manual operations such as borrower locates, loan recall communication and tracking, settlement workflows, and lending program rule maintenance.

Further understanding of financial markets, trading strategies and the securities lending industry. Implement theoretical programming and AI knowledge into a fast-paced sales and trading environment. This role crosses paths with many other areas of RBC IS;
Client operations, Client Coverage, Collateral and mid-office support groups where additional experience can be gained.

• Behavioural skill-set
• Strong numeracy and analytical skills
• High attention to detail and accuracy
• Self-starter and a proactive disposition
• Ability to excel in a stressful environment, properly prioritize and manage several competing initiatives / responsibilities while meeting firm deadlines
• Innovative thinking
• Demonstrated strategic team player
• Technical skill-set
• Familiarity/ in depth knowledge of Custody or Securities Finance Business
• Strong programming abilities – Python, VBA, SQL, Proactive AI learner and adopter
• Strong system abilities – Excel, PowerPoint, Access, Bloomberg
• Solid understanding of economic concepts with ability to learn applied financial concepts on the role

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual. Excellent exposure to communicate with various business partners and stakeholders in Investor Services and within other platforms as appropriate.

Working with an exciting, close-knit, supportive & dynamic group and Opportunity to collaborate with other business…